Form No. DM 1 - Application Form for opting Composition by an eligible drugs and medicine dealer in respect of scheme as notified by Government under sub-section (12) of section 16
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Composition scheme opt in requires declaration of turnover, opening stock valuation and proof of tax deposit by dealers. Application to opt into the composition scheme via Form DM 01 requires TIN, dealer name and address, target year, preceding and estimated turnover, ... Summary
Composition scheme opt in requires declaration of turnover, opening stock valuation and proof of tax deposit by dealers.
Application to opt into the composition scheme via Form DM 01 requires TIN, dealer name and address, target year, preceding and estimated turnover, valuation of opening stock (fair market or purchase value whichever is higher), calculation and payment of tax on opening stock with deposit particulars and original challan/proof, plus signature, designation and verification by the applicant or authorised signatory.
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